Oppenheimer Asset Management Inc. Has $1.73 Million Stake in Boot Barn Holdings, Inc. (NYSE:BOOT)

Oppenheimer Asset Management Inc. reduced its holdings in Boot Barn Holdings, Inc. (NYSE:BOOT) by 38.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,390 shares of the company’s stock after selling 7,181 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Boot Barn were worth $1,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its stake in shares of Boot Barn by 1,430.0% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. R Squared Ltd acquired a new position in Boot Barn during the fourth quarter worth $102,000. KBC Group NV raised its position in Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company’s stock worth $159,000 after acquiring an additional 180 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Boot Barn by 13.9% in the fourth quarter. First Horizon Advisors Inc. now owns 1,095 shares of the company’s stock valued at $166,000 after acquiring an additional 134 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of Boot Barn in the 4th quarter valued at about $192,000.

Insider Buying and Selling

In other Boot Barn news, CEO John Hazen sold 6,311 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total value of $965,456.78. Following the completion of the sale, the chief executive officer now directly owns 3,937 shares in the company, valued at approximately $602,282.26. This trade represents a 61.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

Boot Barn Stock Performance

NYSE:BOOT opened at $114.71 on Tuesday. The company has a market capitalization of $3.51 billion, a PE ratio of 20.48, a P/E/G ratio of 1.17 and a beta of 2.10. Boot Barn Holdings, Inc. has a fifty-two week low of $82.67 and a fifty-two week high of $176.64. The company has a 50 day simple moving average of $148.26 and a two-hundred day simple moving average of $147.77.

Boot Barn (NYSE:BOOT) last announced its earnings results on Thursday, January 30th. The company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.38. Boot Barn had a net margin of 9.36% and a return on equity of 17.11%. Research analysts predict that Boot Barn Holdings, Inc. will post 5.82 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOT has been the topic of a number of recent analyst reports. KeyCorp raised Boot Barn from a “sector weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Thursday, January 23rd. Robert W. Baird set a $190.00 price target on Boot Barn in a research note on Friday, January 31st. Craig Hallum set a $178.00 price target on Boot Barn in a report on Friday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $181.00 price objective (up from $179.00) on shares of Boot Barn in a report on Friday, January 31st. Finally, BTIG Research raised their target price on shares of Boot Barn from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boot Barn presently has an average rating of “Moderate Buy” and a consensus price target of $184.83.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.